Education in Auditing & Accounting

At University Level In The

Republic Of Moldova

Valentina Paladi, PhD,

Dean, Faculty of Accounting,

Academy of Economic Studies of Moldova

Chisinau,

April 1 -2, 2014

STAREP - Strengthening Auditing and

Reporting in the Countries of the Eastern

Partnership

University Education System

In The Republic Of Moldova

May 2005, the Republic of Moldova joined the Bologna Process

Three cycles higher education qualifications

Academic Mobility

Autonomy of Universities

Recognition of Degrees and Ranks

Internationalized Higher Education and Other Aspects

Educational system of the RM

Primary education, 4 years

Gymnasium, 5 years

Vocational

school,

3 years

Lyceum

3 years

CYCLE I - LICENTIATE

DEGREE,

3 -4 YEARS

CYCLE II - MASTER’S DEGREE,

1-2 YEARS

CYCLE III –

DOCTORAL DEGREE, 3-4 YEARS

POSTDOCTORAL

0

0

1

2

4 3 3

HIGHE

R

EDUCA

TION

5

Preschool

Co

llege,

4 y

ears

The Bologna System

• In 2006, the national Credit Transfer System

similar to ECTS (European Credit Transfer

System) was introduced

• From January 1, 2013, all universities enjoy

financial autonomy

• Currently, the Code of Education is being

finalized

Number of institutions of higher education in the RM,

by type o title (total institutions / public HEDs)

Number of higher educational institutions

specializing in economics, (public vs private)

Number of public higher education institutions of

economics and offering specialization in accounting

(total public/ accounting specialization)

Academy of Economic Studies of Moldova

Set up on September 25, 1991 by

Government Decree

A leading and prestigious economic

university of the Republic of

Moldova

Accreditation of the Academy of Economic

Studies of Moldova

2001 – National Council for Academic Appraisal

and Accreditation of Educational Institutions in

the Republic of Moldova

2006 – National Appraisal and Accreditation

Council

2007 – Ministry of Education and Youth

2012 - National Appraisal and Accreditation

Council

2009 – ISO 9001:2008

Cooperation Agreements

All in all, 55 cooperation agreements with universities of 18

states, of which:

Romania - 17 France - 5

Ukraine - 10 Italy - 3

Poland - 2 Russia - 4

Belarus - 2 China - 2

Bulgaria, Sweden, Latvia, Serbia, Morocco, Estonia, Czech

Republic, Turkey and Austria – 1,

The agreements include programs of academic and scientific

exchange for students and professors.

To date, Academy of Economic Studies of Moldova has trained 43 371 graduates in

economics, i.e.

Managers Marketing managers

Financial experts Accountants

IT professionals

Statisticians

Economists

Number of students

3813

4252 42744921

6662

76258167

84927996

7457

8061

9909

12532

14218

15371 15253

14221

1121110678 1110410962

10538

9132

0

2000

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14000

16000

1991-

1992

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1993

1993-

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1995

1995-

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1996-

1997

1997-

1998

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1999

1999-

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2000-

2001

2001-

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2004-

2005

2005-

2006

2006-

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2007-

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2012

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2014

Departments in Academy of Economic Studies of

Moldova

Business and

Administration

General Economics

and Law

International

Economic Relations

Accounting

Cyber Sciences,

Statistics and Economic

Information

National College of

Commerce

Finance

Business and Administration Department

Business and

Administration Marketing and

Logistics

Hospitality

Management Intellectual

Property

Management Procurement

Commodity Science

and Trade

Public Catering and

Management

General

Economics

Administration of

Government

Labor Resources

Management

General Economics and Law

Department

Law

International Economic Relations Department

International Economics and

International Economic Relations

Banks and Finance

Finances Department

Statistics and Economic

Forecasting Informatics

Cyber Science and

Economic Informatics

Cyber Science, Statistics and Economic Informatics

Department

Applied Informatics

Information Management

Information Technologies

Information Security

Accounting

Department of Accounting

Overall

specialization Professional Training Number of

Curricula

Political Science Administration of Government 2

Economics

Accounting, Accounting & Finance, Accounting & Business and

Administration

7

Finance 5

Business and Administration 9

Marketing and Logistics 3

International Economics and International Economic Relations 5

General Economics 4

Statistics and Economic Forecasting 4

Cyber Science and Economic Informatics 3

Commodity Science and Trade 2

Law Law 10

Science Information Science 1

Public Services Hospitality Management 3

Masters’ School of Economics and Business

Chairs of the Accounting Faculty

in Academy of Economic Studies of Moldova

Accounting and Auditing

Accounting and Economic Analysis

Number of actual students, Accounting Faculty

Academy of Economic Studies of Moldova

Accounting Department Graduates,

Moldovan Academy of Economics

Accounting Faculty Accreditation (ACCA)

In 2012, Accreditation process began www.accaglobal.com

Currently, the Republic of Moldova has 40 АССА members and there are183 students who can take certification exams at the ACAP certification centers in Chisinau, and there are 5 affiliated ACCA members.

Name: ACCA (the Association of Chartered Certified

Accountants)

Established in:1904

Head Office: Glasgow, Great Britain

Offices: a network of 83 offices and centers globally

Membership and students: 162000 members and 428000

students from 173 countries.

ACCA Qualifications

Knowledge

F1 Accountant in Business (AB)

F2 Management Accounting (MA)

F3 Financial Accounting (FA)

Skills

F4 Corporate and Business Law (CL)

F5 Performance Management (PM)

F6 Taxation (TX)

F7 Financial Reporting (FR)

F8 Audit and Assurance (AA)

F9 Financial Management (FM)

Essentials (all 3)

P1 Professional Accountant (PA)

P2 Corporate Reporting (CR)

P3 Business Analysis (BA)

Options (any 2 of 4)

P4 Advanced Financial Management

(AFM)

P5 Advanced Performance

Management (APM)

P6 Advanced Taxation (ATX)

P7 Advanced Audit and Assurance

(AAA)

Stages of MAE Accounting Faculty

Accreditation

Stage one:

1. Getting to know the contents of - the Accreditation Handbook,

- The ACCA syllabus and Manual

2. Filing an application for ACCA

accreditation.

Accreditation: Stage Two

1. Familiarization with the accreditation process of the accounting and managerial informatics department (of Bucharest Academy of Economics)

2. Organizing and holding an International Conference

3. Review of curricula and examination papers

4. Preparing a full set of papers for ACCA accreditation and filing it in

5. Technical and financial support:

REPARIS Regional Project (www.worldbank.org/reparis) and South-South Experience Exchange Facility Trust Fund ttp://wbi.worldbank.org/sske/) of the World Bank.

Accreditation: Stage Three

Implement the reviewed curricula in the

teaching process

Continuous renewal of curricula and manuals

in line with the ACCA Requirements

Advantages of ACCA accreditation for the

Moldovan Academy of Economics

International recognition

Better visibility of the accredited university to

potential students in search of option for a

concrete specialization

Improved quality of courses

Accreditation process is free of charge

Advantages of ACCA accreditation for

graduates

A leave from certain courses and exams

Reduction of costs

Professional mobility in EU countries and

beyond

Thank you!

Academy of Economic Studies of Moldova

MD-2005, Moldova,

Chisinau, str. Bănulescu-Bodoni, 61

www.ase.md

d.con@ase.md